For many BC homeowners, securing a mortgage isn’t just about having a steady income stream. Lenders who take a more holistic view of your financial situation can provide more flexible options. This approach allows you to leverage the wealth you’ve accumulated over time to secure a mortgage, even if your current income doesn’t perfectly fit the traditional criteria.

As British Columbians, we are no strangers to challenges that impact our local economies. However, with the unpredictable waves of a global economy, particularly those stirred up by policies such as the Trump Tariffs, we face a new set of obstacles that could affect everything from local investments to interest rates and even job security. Many of us are feeling the strain, particularly when it comes to securing our homes, managing mortgages, and planning for an uncertain future.

For homeowners with significant assets but limited income, dealing with traditional banks can be frustrating. These institutions often use a one-size-fits-all approach that doesn’t account for the broader picture of your financial situation. If you’re not fitting neatly into their narrow lending box, you might find yourself stuck with fewer options and higher rates.

As we gather the news that the US is now placing tariffs on  Canada, we all contemplate how this will affect our day-to-day lives. 

If you are retired, or nearing retirement, the fear of living on a limited cash flow can be particularly frightening with threatening inflation. Fortunately, in BC, those retiring today have experienced a strong appreciation of home values.  

While home equity looks fabulous on a balance sheet, it is often very difficult to get access to in retirement. Once incomes have decreased, the bank's desire to lend also decreases.  

Many Canadians are facing financial uncertainty with rate renewals, increasing costs, and the looming potential of tariff threats. Managing mortgage payments is a key part of financial stability for most Canadians. Today’s unpredictable climate has many struggling to make long-term and medium-term decisions related to mortgage rates. 

Trump announced 25% tariffs on Canadian imports. Canadians are wondering how this will impact lenders and the cost of money. 

Trade war threats last week pushed the Bank of Canada bond yields lower last week. Typically, lenders would have responded by lowering their fixed mortgage rates. Increased risk in the market prevented this from happening as lenders digest this new economic shock. 

So, while the initial response of the trade war by bond markets is to push down yields, tariffs are inflationary, so we expect longer-term bonds to respond. In this scenario, both bond yields and fixed mortgage rates that they are priced on will rise.  

If you are a business owner and in the market for a mortgage, you may have found that navigating the world of financing can be challenging. It might seem like traditional lenders focus solely on your net income on tax returns while ignoring any business expenses or recent growth. This approach can make it difficult for business owners to qualify for a mortgage, leaving many feeling frustrated and hopeless. However, this doesn't have to be the case. In this blog post, we will discuss some tips and tricks on how to secure financing when you are a business owner.

When it comes to buying a home, the process can be overwhelming, and you might be tempted to do everything yourself to save on costs. However, one area where it's helpful to have professional assistance is in securing a mortgage. But how do mortgage brokers get paid for their services? And will you be charged extra fees for using them? In this post, we'll go over all the details to clear up any confusion and help you make an informed decision when it comes to choosing a mortgage broker.